Rarity and Value: This is the most common denomination that you see on these early bank notes. However, don’t assume that they are all inexpensive. Usually even the most generic examples should be worth around $1,000. Based on the bank rarity and condition, the value could be many times that. We would always advise contacting us if you need an exact value. Don’t forget to check the serial number. Number 1 notes always sell for nice premiums.

Current Market Analysis: If you follow the market for national bank notes then you know that it is cyclical. In the 1990’s good notes from Kentucky were worth as much money as notes from any state. However, within an 18-month period in the early part of the 21st century the two largest collectors dumped their collections and there was no one else there to prop up prices. To make matters worse, all types of notes from Kentucky are relatively plentiful from first charters to red seals. However, if you study the market then you will see lots of great notes that are still relatively affordable. We personally love all of the fancifully named towns and notes from the old forgotten mining communities.

We Are Buyers!!!

We buy all antique paper money issued by The First National Bank of Covington, KY. We can tell you how much your $5 bill is worth. We aren’t just dealers. We are also collectors, experts, and appraisers. We have contributed to numerous price guides and are considered specialists in the field of national currency. Contact us via phone or email to get your free appraisal today.